Elwar
Legendary
Offline
Activity: 3598
Merit: 2386
Viva Ut Vivas
|
 |
February 06, 2018, 06:07:07 PM |
|
btw....we're up 1.5% for the day!
rocketrains.gif
|
|
|
|
Torque
Legendary
Offline
Activity: 3822
Merit: 5504
|
 |
February 06, 2018, 06:07:43 PM |
|
I find Mike Novogratz to be a fairly reliable contrarian indicator. Every time he comes trotting out on MSM and says "I can see Bitcoin at [XXX] by the end of the year!" then you know the top is in soon.  Happened in Nov/Dec 2013 as well. I will merit someone for anyone for .01 BTC per Merit.
Get in while the price is low. ICO. Cheap Merits.
Let's start a WO sMerit ICO. We can trade it on Bithumb. I'm sure the SEC would love that.
|
|
|
|
Imbatman
Member

Offline
Activity: 85
Merit: 13
|
 |
February 06, 2018, 06:13:40 PM |
|
Great article/video, thank you for sharing. This helped me a LOT in fashioning my future buy/sell strategies (mostly buy)
|
|
|
|
Imbatman
Member

Offline
Activity: 85
Merit: 13
|
 |
February 06, 2018, 06:15:18 PM |
|
Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Wasn't it breached late last night? 200 MA appeared to be around $6,050 and we dropped to around $5,600 Not for a terribly long time, but it was breached
|
|
|
|
Biodom
Legendary
Offline
Activity: 4158
Merit: 5087
|
 |
February 06, 2018, 06:17:34 PM |
|
I find Mike Novogratz to be a fairly reliable contrarian indicator.
Yeah, but only when he talks. He didn't talk when he first bought eth at $2. Maybe it is because traders like to throw other traders off (to do the opposite of what they intend to do)?
|
|
|
|
Tzupy
Legendary
Offline
Activity: 2198
Merit: 1094
|
 |
February 06, 2018, 06:18:30 PM |
|
I am unsure about my cash flow rate in sMerit, so for now I am behaving like a cheapskate and only sending in 1 at a time, my apologies to all who deserved more.  Once I'll understand how the cash flow in sMerit behaves, I promise to send more to those who deserve it. 
|
|
|
|
Biodom
Legendary
Offline
Activity: 4158
Merit: 5087
|
 |
February 06, 2018, 06:21:26 PM Last edit: February 06, 2018, 07:08:34 PM by Biodom |
|
Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Wasn't it breached late last night? 200 MA appeared to be around $6,050 and we dropped to around $5,600 Not for a terribly long time, but it was breached What are your numbers based on? Polo shows 6012 low on 24hr chart. Besides, moving below for a short time on itself does not indicate bear. See in that guy video of S&P500 and Brexit. It even closed below 200 SMA, then popped right back. It only clear way afterwards, so both scenarios (a bull and a bear) are still possible. For bull to have a chance, we would have to move above 100 EMA and fast.
|
|
|
|
SecondLeoTheSecond
Newbie
Offline
Activity: 53
Merit: 0
|
 |
February 06, 2018, 06:25:04 PM |
|
Sounds like the keynisian-utopia/dystopia
|
|
|
|
Imbatman
Member

Offline
Activity: 85
Merit: 13
|
 |
February 06, 2018, 06:32:58 PM |
|
Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Wasn't it breached late last night? 200 MA appeared to be around $6,050 and we dropped to around $5,600 Not for a terribly long time, but it was breached what are your numbers based on? Polo shows 6012 low on 24hr chart. Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050 If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again.......
|
|
|
|
mike4001
|
 |
February 06, 2018, 06:47:38 PM |
|
So ... I think I will wait until 9k/10k to buy more BTC. I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ... But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k  )
|
|
|
|
kurious
Legendary
Offline
Activity: 2618
Merit: 1749
|
 |
February 06, 2018, 06:49:44 PM |
|
Correct me if I'm wrong, but the problem is that historically a Bitcoin downturn has never failed to fall below the 200 MA eventually at some point and stay there for a while.  Wasn't it breached late last night? 200 MA appeared to be around $6,050 and we dropped to around $5,600 Not for a terribly long time, but it was breached what are your numbers based on? Polo shows 6012 low on 24hr chart. Sorry, my bad -- I thought it dropped to $5,600 last night on GDAX (the exchange I use primarily) but it looks like it only got as low as $5,913 --------- still a decent amount under $6,050 If Polo got as far as $6,012 I think this all tells the same story -- $6,000 or thereabouts should be considered the resistance point, and hopefully we don't test it again....... Polo doesn't trade USD /BTC, better reference an exchange that does, maybe? Polo is usually a little higher than (say) Bitstamp - which I personally prefer, and Finex arbs with Stamp, too, usually linking prices between them (roughly)
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
 |
February 06, 2018, 06:50:44 PM |
|
I will merit someone for anyone for .01 BTC per Merit.
Get in while the price is low. ICO. Cheap Merits.
this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen? i have seen one that sells you tokens and in a few years you are allowed to purchase artificial ivory for your token. imagine what you could do with artificial ivory in 2022! too bad I missed that ICO. 
|
|
|
|
Torque
Legendary
Offline
Activity: 3822
Merit: 5504
|
 |
February 06, 2018, 06:53:22 PM |
|
As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017. Which still crushes a lot of equities' performance in 2017 by a country mile. this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?
https://deeznuts.in/
|
|
|
|
jojo69
Legendary
Offline
Activity: 3542
Merit: 5091
diamond-handed zealot
|
 |
February 06, 2018, 06:55:34 PM |
|
So ... I think I will wait until 9k/10k to buy more BTC. I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ... But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k  ) god Mike just listen to yourself for a minute...that is sheep talk man
|
|
|
|
mike4001
|
 |
February 06, 2018, 06:56:51 PM |
|
So ... I think I will wait until 9k/10k to buy more BTC. I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ... But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k  ) god Mike just listen to yourself for a minute...that is sheep talk man lol So much for my peace of mind.
|
|
|
|
cAPSLOCK
Legendary
Offline
Activity: 4046
Merit: 6164
|
 |
February 06, 2018, 06:57:09 PM |
|
Anyone hear from Rosewood Rosewater ? I'm concerned the dude is passed out in a ditch somewhere, completely obliterated on scotch.
He'd say something about not being able to afford scotch anymore and only having enough for Ripple... ...oh, wait.
|
|
|
|
xhomerx10
Legendary
Offline
Activity: 4228
Merit: 9818
|
 |
February 06, 2018, 07:00:26 PM |
|
So ... I think I will wait until 9k/10k to buy more BTC. I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ... But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k  ) god Mike just listen to yourself for a minute...that is sheep talk man lol So much for my peace of mind. Yes and piece of mind as well. I don't get the "bite myself" part... MacAfee?
|
|
|
|
600watt
Legendary
Offline
Activity: 2338
Merit: 2106
|
 |
February 06, 2018, 07:00:50 PM |
|
As crazy bad as this selloff/correction appears, we are still up 7X from Jan 2017. Which still crushes a lot of equities' performance in 2017 by a country mile. this is a more sound ICO idea than most of what I have seen so far. what is the most absurd ICO you have seen?
https://deeznuts.in/that must be a joke...  well, aren't they all...
|
|
|
|
Alexander_Z
Member

Offline
Activity: 114
Merit: 26
Z
|
 |
February 06, 2018, 07:02:39 PM |
|
Sorry for OT, but how can I vote the Poll at the top of the page? Thank You
AFAIK Newbies cannot vote, one has to be at least Jr. Member for this. Right, you'll have to share your prediction openly so everyone can laugh at you.  Well, after the last couple of days I would not try to vote even if I could. I am mentally prepared for another downfall, but at the same time I hope that it is not another bull trap. Then I'm going to laugh no matter how wrong my prediction is 
|
|
|
|
LFC_Bitcoin
Diamond Hands
Legendary
Offline
Activity: 3934
Merit: 11527
#1 VIP Crypto Casino
|
 |
February 06, 2018, 07:03:19 PM |
|
So ... I think I will wait until 9k/10k to buy more BTC. I am just not sure if we bounced up for good or if this just a small pump before going all the way down to "I don't know" ... But if BTC hits 9k/10k again I feel it really will move up again. (And yes I will bite myself for not buying at 6,5k  ) Do you think bitcoin will be worth upwards of $20,000 at some point in the next few years regardless of what the price is now & how much it’s fallen? If the answer to the bolded is yes then what the fuck are you waiting for now, cheap couns. Load up whilst you can at these prices.
|
|
|
|
|